![]() ![]() He was also involved with the management of many educational and charitable organisations. Sankar was presented with the Lifetime Achievement Award at TiECON, Chennai 2010. He was elected a Fellow of the IIChE, and an honorary member of the Chemical Industries Association. Sankar had received awards recognising his services to business and industry, such as the 'Lala Shriram National Award for Leadership in Chemical Industry' from the Indian Institute of Chemical Engineers, and 'Rasa Udyog Ratna' from the Chemical Industries Association. He was the Honorary Consul General for Denmark in south India and was awarded the 'Knight of the Order of the Dannebrog, First Class' by the Danish Government in recognition of his services. Over the years, Sankar has held office in several public bodies representing trade and industry, including President, ASSOCHAM, Chairman, Indo-US Joint Business Council, Chairman, Madras Chamber of Commerce and Industry, and President, Madras Management Association. The group under Sankar had appointed professionals as the heads of the group companies. Sankar used to say for a successful partnership, the partners should appreciate the need for the joint venture, clearly agree on how the venture should be managed, the partners should have interaction at different levels and be financially strong to bring in capital as and when needed.Īlso, Sanmar was one of the groups that had separated ownership and management. One of the notable features of the Sanmar group was managing joint ventures in a smooth fashion for several years. The life insurance company was later sold to the Reliance Group. ![]() The group, partnering with AMP of Australia, floated the first life insurance company headquartered in Chennai, AMP Sanmar Life Insurance Company Ltd. Sankar used to say that inherited business is not a bed of roses and the younger generation is on the lookout for different career paths," a retired business journalist told IANS. He was a sharp person and spoke to the point. Sankar passed away here on Sunday," the official told IANS.Ī Chemical Engineering graduate from AC College of Technology here, and obtaining his Masters degree from the Illinois Institute of Technology, Chicago, Sankar was at the forefront of India's PVC sector and was instrumental for having an integrated plant. ![]()
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